Related party transactions and corporate environmental responsibility

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dc.contributor.authorChoi, Wonseok
dc.contributor.authorChung, Chune Young
dc.contributor.authorRabarison, Monika K.
dc.contributor.authorWang, Kainan
dc.creator.orcidhttps://orcid.org/0000-0003-3215-8091
dc.date.accessioned2023-03-23T17:21:32Z
dc.date.available2023-03-23T17:21:32Z
dc.date.issued2022-05
dc.descriptionPost-print under embargo until May 2024
dc.description.abstractWe examine the effect of related party transactions on corporate environmental responsibility and find that firms with more related party transactions tend to have more controversial environmental reports, less emissions reduction, and less environmental expenditures. This relationship is more significant for firms with a high investment-cash flow sensitivity and those with a low ESG score. Overall, the results corroborate the hypothesis that the marginal costs of corporate environmental responsibility outweigh the benefits for financially constrained firms, thus deterring these firms from engaging in corporate environmental responsibility activities.en_US
dc.identifier.citationThis is a post-print version of an article that is available at https://doi.org/10.1016/j.frl.2021.102490. Recommended citation: Choi, W., Chung, C. Y., Rabarison, M. K., & Wang, K. (2022). Related party transactions and corporate environmental responsibility. Finance Research Letters, 46, 102490. This item has been deposited in accordance with publisher copyright and licensing terms and with the author’s permission.en_US
dc.identifier.urihttps://hdl.handle.net/11274/14714
dc.identifier.urihttps://doi.org/10.1016/j.frl.2021.102490
dc.language.isoen_USen_US
dc.publisherElsevieren_US
dc.subjectCorporate environmental responsibilityen_US
dc.subjectPollution emissionen_US
dc.subjectRelated party transactionen_US
dc.subjectInternal capital marketen_US
dc.subjectCorporate governanceen_US
dc.titleRelated party transactions and corporate environmental responsibilityen_US
dc.typePost-Printen_US

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